New regulations from MiFID II in Europe to the Consolidated Audit Trail in the US mandate that reportable events must be timestamped to much more accurate levels than ever before and that regulated organizations must have a clear understanding of time for all information they are required to report. Europe’s MiFID II, in particular — which came into force on January 3, 2018 — is far more prescriptive with regards to timestamping, as defined by the European Securities and Markets Authority (ESMA) within RTS 25.